<\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9008,"post_author":"2","post_date":"2022-12-24 00:36:25","post_date_gmt":"2022-12-23 13:36:25","post_content":"\n
Tokyo, Japan, 23rd December, 2022, Chainwire<\/strong><\/span><\/p> Astar Network<\/u><\/a>, the smart contract platform for multichain, has been awarded the Product of the Year at the 4th annual Blockchain Award by the Japan Blockchain Association. Astar Network\u2019s founder and CEO Sota Watanabe bagged the Person of the Year award for the second consecutive year at the same event.<\/p>\n Both Astar Network and Sota Watanabe emerged as the favorites of the Japanese Web3 community in a survey conducted by the Japan Blockchain Association (JBA). The JBA is the largest blockchain association in Japan, consisting of 171 companies including bitFlyer, Coincheck, Microsoft, GMO, EY, Deloitte, PwC, KPMG, Toyota, and ConsenSys.\u00a0<\/p>\n Sota Watanabe, the founder and CEO of Astar Network, said, \u201cWe are delighted to have been recognized by the Japanese Web3 community. As Japan\u2019s leading blockchain project, we remain committed to accelerating Web3 innovation through Astar. In 2023 and beyond, we will leverage our presence in Japan to unlock opportunities for entrepreneurs, developers, and users alike.\u201d<\/i><\/p>\n Astar Network is the leading Layer-1 chain in Japan. As a parachain of Polkadot, it enables developers to build interoperable dApps. It supports both EVM and WASM smart contracts with cross-consensus messaging (XCM) and cross-virtual machine messaging (XVM).<\/p>\n As the Japanese government has made Web3 a part of its national strategy, Sota Watanabe is helping the government on the path forward. Sota has also been featured in the Forbes 30 Under 30 for both Asia and Japan. He has also been picked as one of the top entrepreneurs in Japan, and graces the cover of the latest edition of the Forbes Japan magazine.<\/p>\n\n Astar Network is the go-to blockchain for developers and enterprises interested in exploring the Japanese Web3 space. It\u2019s also the first public blockchain from the country to be listed there despite Japan\u2019s strict listing regulations. Astar\u2019s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.<\/p>\n Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM) and cross-virtual machine (XVM). We are made by developers and for developers. Astar\u2019s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.\u00a0<\/p>\n Astar\u2019s vibrant ecosystem has become Polkadot\u2019s leading Parachain globally, supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps.<\/p>\n \u00a0For more information, visit: Website<\/u><\/a> | Twitter<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | GitHub<\/u><\/a> | Reddit<\/u><\/a><\/p> Singapore, SG, 23rd December, 2022, Chainwire<\/strong><\/span><\/p> AAG, a web3 infrastructure company, has integrated Coinbase Pay to enhance the fiat on-ramping features of its new user focused MetaOne Wallet. The integration will make it easier for users, many who never previously owned cryptocurrencies, to acquire digital assets and NFTs as part of their web3 journey. <\/p> MetaOne Wallet<\/u><\/a> is the flagship product under the AAG banner. It is a digital and unique crypto wallet that suits the needs of novices and experienced users. There is a substantial emphasis on security, safety, and efficiency, without compromising convenience. <\/p> MetaOne has integrated Coinbase Pay to make the onboarding process more straightforward. With the help of Coinbase Pay, MetaOne Wallet users can conveniently purchase non-fungible tokens and cryptocurrencies through convenient fiat currency payment methods.<\/p> \u201cWith the recent situation with FTX, we believe that more and more users will be looking for an alternative option for self-custody. MetaOne, with its unique features, is perfect for those who might not be comfortable with a fully non-custodial wallet.\u201d - said Jack Vinijtrongjit, CEO of AAG Integrating convenient fiat currency payment support is an integral part of AAG's mission to make MetaOne Wallet the only necessary tool for Web3 and metaverse purposes. Therefore, it is easy enough for novice crypto users, but powerful enough when they become power users.<\/p> The MetaOne Wallet features an integrated decentralized application store where only safe applications are whitelisted and approved called the MetaOne dpp store. Accessing these applications is done within the wallet through a built-in browser. <\/p> Furthermore, users benefit from eliminating private keys and seed phrases, making the wallet more straightforward to use by mainstream users. Instead, MetaOne relies on n-factor authentication to provide a seamless user experience.<\/p> In addition, the MetaOne Wallet performs automatic asset discovery. User assets will automatically be identified and displayed on the balance screen without requiring manual intervention. With support for assets across multiple blockchains - more to be added soon - it is an all-in-one solution for storing and managing digital assets.\u00a0<\/p>\n About AAG<\/b><\/p>\n AAG<\/u><\/a> is a web3 infrastructure company focusing on providing software that helps simplify interactions with blockchain applications and the Metaverse for mainstream users and traditional companies. AAG provides a secure and easy-to-use crypto wallet, as well as infrastructure software, such as a cross-chain search engine and GameFi SDK for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030.<\/p> For more information about AAG, visit: AAG Linktree<\/u><\/a><\/p> Stockholm, Sweden, 20th December, 2022, Chainwire<\/strong><\/span><\/p> My Neighbor Alice <\/a>successfully released its game version 2.0 to the mainstream audience on December 16, 2022. The online game was released in June 2022 after a successful nine-month pre-alpha stage in September 2021. The game has been growing in popularity ever since its release. My Neighbor Alice is a multiplayer builder game that allows players to build and manage virtual lands, interact with neighbors, and perform exciting daily activities while earning in-game rewards. The fully decentralized social game functions completely on blockchain technology, bringing diverse gaming communities and DeFi enthusiasts together to experience an exciting open-world game with narrative gameplay and built-in NFT marketplaces to promote interaction and create earning opportunities.<\/p>\n Watch Video Trailer Here:\u00a0<\/u><\/p>\n My Neighbor Alice<\/a> is a game developed by Antler Interactive, which has in-game currency, widely known as the ALICE token, released in March 2021. Developed with a dedication to promoting blockchain adoption among the masses, the game has generated worldwide interest and continues to grow at an accelerated pace. Captivating gameplay visuals, immersive storytelling, and a broad range of interactive features drive massive game downloads.\u00a0<\/p>\n The following In-game features are made available to all players:\u00a0<\/p>\n My Neighbor Alice's<\/u><\/a> second land sale ended on December 16, 2022, and the project will be hosting yet another Land Sale Auction, opening more opportunities for players to win the right to purchase a virtual plot for one virtual island in the first quarter of the year 2023. My Neighbor Alice will be hosting periodical land sales and items that could be traded through the in-game marketplace as well as the NFT marketplaces on other blockchain networks. To learn more about this project, please visit: https:\/\/myneighboralice.medium.com\/my-neighbor-alice-land-sale-announcement-december-2022-3eea977e3ee8<\/p>\n About My Neighbor Alice<\/b><\/p>\n My Neighbor Alice is a social online multiplayer builder game built on the Chromia blockchain platform. The project is designed to promote an end-to-end blockchain game ecosystem that allows ease of transaction within the NFT and gaming community. The technology behind My Neighbor Alice is based on a staking and renting system. The system is currently being developed and will debut next year, making it possible for users to rent their NFTs for even more significant earnings potential. Ultimately sets them apart from other play-to-earn games. My Neighbor Alice aims to become a dominant entity in the blockchain gaming space and seeks to maintain and develop a vibrant community for diverse players.<\/p> For more information about My neighbor Alice, visit:<\/p>\n Discord<\/a> | Telegram<\/a> | Twitter<\/a> | Linkedin<\/a> Hong Kong, Hong Kong, 13th December, 2022, Chainwire<\/strong><\/span><\/p> Platypus Finance<\/a> is launching USP, a protocol-native stablecoin. USP\u2019s deployment has emerged from Platypus\u2019 goal of improving capital efficiency for its users. USP also resolves long-running collateral issues associated with stablecoins. The native Platypus Finance stablecoin has been designed to reduce the liquidity fragmentation and scattered assets that are endemic to many protocols.<\/p>\n USP is pegged to the US dollar, operating as an overcollateralized stablecoin that provides a layer of security in cases of depegging with its unique Adaptive Peg Stabilizer. The coin maintains its value itself with the Platypus stableswap AMM algorithm and coverage ratio model.<\/p>\n Platypus\u2019 native stablecoin dramatically enhances capital efficiency for users of the Avalanche DEX. It takes advantage of single-sided collateral and allows users to sit comfortably with minimum smart contract risk. USP can be earned by users by collateralizing their LP tokens with up to 20 times leverage. This way, investors can farm with their USP as a liquid asset and ultimately increase their earning power. USP can be minted in the Main Pools LP to start with, and will expand minting opportunities to the Alternative Pools LP as well. \u00a0<\/p>\n Benefits to USP include:<\/u><\/p>\n Maximizes Capital Efficiency:<\/b> Users can mint USP using LP tokens on Platypus Finance as collateral and turn staked assets to liquid.<\/p>\n Enables 20x Leverage Farming:<\/b> Through repeated minting, leverage farming on Platypus is made possible by up to 20x.<\/p>\n Minimizes Smart Contract Risk: <\/b>Minting and collaterals are based on a single platform which greatly reduces systematic risks.<\/p>\n Utilizes Single-Sided Collateral:<\/b> Impermanent loss-free, single-sided LP collateralization enables much higher flexibility and risk control on the minting.<\/p>\n Platypus continues to grow with USP launching as a follow-up to the platform\u2019s release of its Voting Gauge mechanism. The feature essentially gave users power to control where PTP emissions go through the gauge and earn rewards in the form of bribes as they vote.<\/p>\n About Platypus Finance<\/b><\/p>\n Platypus has redefined stableswaps and reinvented stablecoins on Avalanche. Masterfully utilizing Platypus\u2019 underlying assets brings next-level capital efficiency which solves the long-standing problem of liquidity fragmentation in traditional DeFi. With an open liquidity pool stableswap and single-sided liquidity provision, it redefines the concept of liquidity equilibrium allowing for the integration of new assets, more use cases for the single-sided LP tokens, and organic growth of assets based on supply and demand. Platypus further utilizes its capital to mint stablecoins: the USP - all of these innovations neatly wrapped in one sleek user interface.<\/p>\n To learn more about USP, check out the yellowpaper<\/a>, and for more information and regular updates, visit Platypus\u2019 official website<\/u><\/a> and their Twitter<\/u><\/a>, Telegram<\/u><\/a>, Medium<\/u><\/a>, and Discord<\/u><\/a> channels.<\/p> Singapore, Singapore, 12th December, 2022, Chainwire<\/strong><\/span><\/p> BinaryX<\/a> launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.\u00a0<\/p>\n The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with blockchain technology. BinaryX is also offering advisory services alongside the fund to bolster support for projects under the fund.\u00a0<\/p>\n The fund will be used to provide resources and all forms of support for games at any stage, including early-stage, and late-stage development.\u00a0<\/p>\n BinaryX Incubation Fund Distribution Breakdown<\/b><\/p>\n The fund distribution comes from the overall BinaryX fund as pictured below:<\/p>\n\n BinaryX will allocate 8% of their overall funds to the Cyber Incubation Fund, the amount is $12 million USD at the time of writing.\u00a0<\/p>\n Rudy, Head of Growth at BinaryX, said:\u00a0<\/p>\n Since launching the incubation arm mid-2022, BinaryX has invested in and incubated 2 GameFi projects. Its portfolio includes SHIT games, and Rh!noX NFT collection, with several exciting projects underway.\u00a0<\/p>\n BinaryX will accelerate its search and adoption of projects in need of incubation, and offer support across all stages, including early-stage and late-stage development.<\/p>\n With this incubation arm, BinaryX aims to connect projects with BinaryX\u2019s network of resources, advisors and investors to help projects go to launch. The Incubation Fund is open to receive applications and all year round, providing iterative support to any project at any stage of development.\u00a0<\/p>\n The news comes amidst already refuted rumours<\/a> that BinaryX is selling tokens. To reiterate their stance, Rudy said, \u2018We would like to emphasize that there was no foul play from our team. We are entirely focused on our games, and we have been communicating our upcoming plans transparently.\u2019 The team has just arranged a DAO vote to decide on the buy back plan for BNX, and are working to execute it alongside other strategic plans for long-term growth, including the development of their latest game, CyberLand<\/a>.\u00a0<\/p>\n About BinaryX<\/b><\/p>\n BinaryX is the GameFi platform behind play-to-earn games CyberDragon<\/a> and CyberChess<\/a>, both of which run on the BNB chain.\u00a0<\/p>\n BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services<\/a> to bridge Web2 developers to Web3.\u00a0<\/p>\n As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.<\/p>\n For more details and information about BinaryX, please visit www.binaryx.pro<\/a>\u00a0<\/p>\n BinaryX whitepaper<\/a> | About BinaryX deck\u00a0<\/a><\/p>\n Our Socials: Discord<\/a>, Telegram<\/a> and Twitter<\/a><\/p>\n Check out our games on our website<\/a> and YouTube<\/a><\/p> <\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9008,"post_author":"2","post_date":"2022-12-24 00:36:25","post_date_gmt":"2022-12-23 13:36:25","post_content":"\n Tokyo, Japan, 23rd December, 2022, Chainwire<\/strong><\/span><\/p> Astar Network<\/u><\/a>, the smart contract platform for multichain, has been awarded the Product of the Year at the 4th annual Blockchain Award by the Japan Blockchain Association. Astar Network\u2019s founder and CEO Sota Watanabe bagged the Person of the Year award for the second consecutive year at the same event.<\/p>\n Both Astar Network and Sota Watanabe emerged as the favorites of the Japanese Web3 community in a survey conducted by the Japan Blockchain Association (JBA). The JBA is the largest blockchain association in Japan, consisting of 171 companies including bitFlyer, Coincheck, Microsoft, GMO, EY, Deloitte, PwC, KPMG, Toyota, and ConsenSys.\u00a0<\/p>\n Sota Watanabe, the founder and CEO of Astar Network, said, \u201cWe are delighted to have been recognized by the Japanese Web3 community. As Japan\u2019s leading blockchain project, we remain committed to accelerating Web3 innovation through Astar. In 2023 and beyond, we will leverage our presence in Japan to unlock opportunities for entrepreneurs, developers, and users alike.\u201d<\/i><\/p>\n Astar Network is the leading Layer-1 chain in Japan. As a parachain of Polkadot, it enables developers to build interoperable dApps. It supports both EVM and WASM smart contracts with cross-consensus messaging (XCM) and cross-virtual machine messaging (XVM).<\/p>\n As the Japanese government has made Web3 a part of its national strategy, Sota Watanabe is helping the government on the path forward. Sota has also been featured in the Forbes 30 Under 30 for both Asia and Japan. He has also been picked as one of the top entrepreneurs in Japan, and graces the cover of the latest edition of the Forbes Japan magazine.<\/p>\n\n Astar Network is the go-to blockchain for developers and enterprises interested in exploring the Japanese Web3 space. It\u2019s also the first public blockchain from the country to be listed there despite Japan\u2019s strict listing regulations. Astar\u2019s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.<\/p>\n Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM) and cross-virtual machine (XVM). We are made by developers and for developers. Astar\u2019s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.\u00a0<\/p>\n Astar\u2019s vibrant ecosystem has become Polkadot\u2019s leading Parachain globally, supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps.<\/p>\n \u00a0For more information, visit: Website<\/u><\/a> | Twitter<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | GitHub<\/u><\/a> | Reddit<\/u><\/a><\/p> Singapore, SG, 23rd December, 2022, Chainwire<\/strong><\/span><\/p> AAG, a web3 infrastructure company, has integrated Coinbase Pay to enhance the fiat on-ramping features of its new user focused MetaOne Wallet. The integration will make it easier for users, many who never previously owned cryptocurrencies, to acquire digital assets and NFTs as part of their web3 journey. <\/p> MetaOne Wallet<\/u><\/a> is the flagship product under the AAG banner. It is a digital and unique crypto wallet that suits the needs of novices and experienced users. There is a substantial emphasis on security, safety, and efficiency, without compromising convenience. <\/p> MetaOne has integrated Coinbase Pay to make the onboarding process more straightforward. With the help of Coinbase Pay, MetaOne Wallet users can conveniently purchase non-fungible tokens and cryptocurrencies through convenient fiat currency payment methods.<\/p> \u201cWith the recent situation with FTX, we believe that more and more users will be looking for an alternative option for self-custody. MetaOne, with its unique features, is perfect for those who might not be comfortable with a fully non-custodial wallet.\u201d - said Jack Vinijtrongjit, CEO of AAG Integrating convenient fiat currency payment support is an integral part of AAG's mission to make MetaOne Wallet the only necessary tool for Web3 and metaverse purposes. Therefore, it is easy enough for novice crypto users, but powerful enough when they become power users.<\/p> The MetaOne Wallet features an integrated decentralized application store where only safe applications are whitelisted and approved called the MetaOne dpp store. Accessing these applications is done within the wallet through a built-in browser. <\/p> Furthermore, users benefit from eliminating private keys and seed phrases, making the wallet more straightforward to use by mainstream users. Instead, MetaOne relies on n-factor authentication to provide a seamless user experience.<\/p> In addition, the MetaOne Wallet performs automatic asset discovery. User assets will automatically be identified and displayed on the balance screen without requiring manual intervention. With support for assets across multiple blockchains - more to be added soon - it is an all-in-one solution for storing and managing digital assets.\u00a0<\/p>\n About AAG<\/b><\/p>\n AAG<\/u><\/a> is a web3 infrastructure company focusing on providing software that helps simplify interactions with blockchain applications and the Metaverse for mainstream users and traditional companies. AAG provides a secure and easy-to-use crypto wallet, as well as infrastructure software, such as a cross-chain search engine and GameFi SDK for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030.<\/p> For more information about AAG, visit: AAG Linktree<\/u><\/a><\/p> Stockholm, Sweden, 20th December, 2022, Chainwire<\/strong><\/span><\/p> My Neighbor Alice <\/a>successfully released its game version 2.0 to the mainstream audience on December 16, 2022. The online game was released in June 2022 after a successful nine-month pre-alpha stage in September 2021. The game has been growing in popularity ever since its release. My Neighbor Alice is a multiplayer builder game that allows players to build and manage virtual lands, interact with neighbors, and perform exciting daily activities while earning in-game rewards. The fully decentralized social game functions completely on blockchain technology, bringing diverse gaming communities and DeFi enthusiasts together to experience an exciting open-world game with narrative gameplay and built-in NFT marketplaces to promote interaction and create earning opportunities.<\/p>\n Watch Video Trailer Here:\u00a0<\/u><\/p>\n My Neighbor Alice<\/a> is a game developed by Antler Interactive, which has in-game currency, widely known as the ALICE token, released in March 2021. Developed with a dedication to promoting blockchain adoption among the masses, the game has generated worldwide interest and continues to grow at an accelerated pace. Captivating gameplay visuals, immersive storytelling, and a broad range of interactive features drive massive game downloads.\u00a0<\/p>\n The following In-game features are made available to all players:\u00a0<\/p>\n My Neighbor Alice's<\/u><\/a> second land sale ended on December 16, 2022, and the project will be hosting yet another Land Sale Auction, opening more opportunities for players to win the right to purchase a virtual plot for one virtual island in the first quarter of the year 2023. My Neighbor Alice will be hosting periodical land sales and items that could be traded through the in-game marketplace as well as the NFT marketplaces on other blockchain networks. To learn more about this project, please visit: https:\/\/myneighboralice.medium.com\/my-neighbor-alice-land-sale-announcement-december-2022-3eea977e3ee8<\/p>\n About My Neighbor Alice<\/b><\/p>\n My Neighbor Alice is a social online multiplayer builder game built on the Chromia blockchain platform. The project is designed to promote an end-to-end blockchain game ecosystem that allows ease of transaction within the NFT and gaming community. The technology behind My Neighbor Alice is based on a staking and renting system. The system is currently being developed and will debut next year, making it possible for users to rent their NFTs for even more significant earnings potential. Ultimately sets them apart from other play-to-earn games. My Neighbor Alice aims to become a dominant entity in the blockchain gaming space and seeks to maintain and develop a vibrant community for diverse players.<\/p> For more information about My neighbor Alice, visit:<\/p>\n Discord<\/a> | Telegram<\/a> | Twitter<\/a> | Linkedin<\/a> Hong Kong, Hong Kong, 13th December, 2022, Chainwire<\/strong><\/span><\/p> Platypus Finance<\/a> is launching USP, a protocol-native stablecoin. USP\u2019s deployment has emerged from Platypus\u2019 goal of improving capital efficiency for its users. USP also resolves long-running collateral issues associated with stablecoins. The native Platypus Finance stablecoin has been designed to reduce the liquidity fragmentation and scattered assets that are endemic to many protocols.<\/p>\n USP is pegged to the US dollar, operating as an overcollateralized stablecoin that provides a layer of security in cases of depegging with its unique Adaptive Peg Stabilizer. The coin maintains its value itself with the Platypus stableswap AMM algorithm and coverage ratio model.<\/p>\n Platypus\u2019 native stablecoin dramatically enhances capital efficiency for users of the Avalanche DEX. It takes advantage of single-sided collateral and allows users to sit comfortably with minimum smart contract risk. USP can be earned by users by collateralizing their LP tokens with up to 20 times leverage. This way, investors can farm with their USP as a liquid asset and ultimately increase their earning power. USP can be minted in the Main Pools LP to start with, and will expand minting opportunities to the Alternative Pools LP as well. \u00a0<\/p>\n Benefits to USP include:<\/u><\/p>\n Maximizes Capital Efficiency:<\/b> Users can mint USP using LP tokens on Platypus Finance as collateral and turn staked assets to liquid.<\/p>\n Enables 20x Leverage Farming:<\/b> Through repeated minting, leverage farming on Platypus is made possible by up to 20x.<\/p>\n Minimizes Smart Contract Risk: <\/b>Minting and collaterals are based on a single platform which greatly reduces systematic risks.<\/p>\n Utilizes Single-Sided Collateral:<\/b> Impermanent loss-free, single-sided LP collateralization enables much higher flexibility and risk control on the minting.<\/p>\n Platypus continues to grow with USP launching as a follow-up to the platform\u2019s release of its Voting Gauge mechanism. The feature essentially gave users power to control where PTP emissions go through the gauge and earn rewards in the form of bribes as they vote.<\/p>\n About Platypus Finance<\/b><\/p>\n Platypus has redefined stableswaps and reinvented stablecoins on Avalanche. Masterfully utilizing Platypus\u2019 underlying assets brings next-level capital efficiency which solves the long-standing problem of liquidity fragmentation in traditional DeFi. With an open liquidity pool stableswap and single-sided liquidity provision, it redefines the concept of liquidity equilibrium allowing for the integration of new assets, more use cases for the single-sided LP tokens, and organic growth of assets based on supply and demand. Platypus further utilizes its capital to mint stablecoins: the USP - all of these innovations neatly wrapped in one sleek user interface.<\/p>\n To learn more about USP, check out the yellowpaper<\/a>, and for more information and regular updates, visit Platypus\u2019 official website<\/u><\/a> and their Twitter<\/u><\/a>, Telegram<\/u><\/a>, Medium<\/u><\/a>, and Discord<\/u><\/a> channels.<\/p> Singapore, Singapore, 12th December, 2022, Chainwire<\/strong><\/span><\/p> BinaryX<\/a> launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.\u00a0<\/p>\n The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with blockchain technology. BinaryX is also offering advisory services alongside the fund to bolster support for projects under the fund.\u00a0<\/p>\n The fund will be used to provide resources and all forms of support for games at any stage, including early-stage, and late-stage development.\u00a0<\/p>\n BinaryX Incubation Fund Distribution Breakdown<\/b><\/p>\n The fund distribution comes from the overall BinaryX fund as pictured below:<\/p>\n\n BinaryX will allocate 8% of their overall funds to the Cyber Incubation Fund, the amount is $12 million USD at the time of writing.\u00a0<\/p>\n Rudy, Head of Growth at BinaryX, said:\u00a0<\/p>\n Since launching the incubation arm mid-2022, BinaryX has invested in and incubated 2 GameFi projects. Its portfolio includes SHIT games, and Rh!noX NFT collection, with several exciting projects underway.\u00a0<\/p>\n BinaryX will accelerate its search and adoption of projects in need of incubation, and offer support across all stages, including early-stage and late-stage development.<\/p>\n With this incubation arm, BinaryX aims to connect projects with BinaryX\u2019s network of resources, advisors and investors to help projects go to launch. The Incubation Fund is open to receive applications and all year round, providing iterative support to any project at any stage of development.\u00a0<\/p>\n The news comes amidst already refuted rumours<\/a> that BinaryX is selling tokens. To reiterate their stance, Rudy said, \u2018We would like to emphasize that there was no foul play from our team. We are entirely focused on our games, and we have been communicating our upcoming plans transparently.\u2019 The team has just arranged a DAO vote to decide on the buy back plan for BNX, and are working to execute it alongside other strategic plans for long-term growth, including the development of their latest game, CyberLand<\/a>.\u00a0<\/p>\n About BinaryX<\/b><\/p>\n BinaryX is the GameFi platform behind play-to-earn games CyberDragon<\/a> and CyberChess<\/a>, both of which run on the BNB chain.\u00a0<\/p>\n BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services<\/a> to bridge Web2 developers to Web3.\u00a0<\/p>\n As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.<\/p>\n For more details and information about BinaryX, please visit www.binaryx.pro<\/a>\u00a0<\/p>\n BinaryX whitepaper<\/a> | About BinaryX deck\u00a0<\/a><\/p>\n Our Socials: Discord<\/a>, Telegram<\/a> and Twitter<\/a><\/p>\n Check out our games on our website<\/a> and YouTube<\/a><\/p> <\/p>\n","post_title":"DeFi-Related Hacks Declines In December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"defi-related-hacks-declines-in-december","to_ping":"","pinged":"","post_modified":"2023-04-10 17:47:33","post_modified_gmt":"2023-04-10 07:47:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9115","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9008,"post_author":"2","post_date":"2022-12-24 00:36:25","post_date_gmt":"2022-12-23 13:36:25","post_content":"\n Tokyo, Japan, 23rd December, 2022, Chainwire<\/strong><\/span><\/p> Astar Network<\/u><\/a>, the smart contract platform for multichain, has been awarded the Product of the Year at the 4th annual Blockchain Award by the Japan Blockchain Association. Astar Network\u2019s founder and CEO Sota Watanabe bagged the Person of the Year award for the second consecutive year at the same event.<\/p>\n Both Astar Network and Sota Watanabe emerged as the favorites of the Japanese Web3 community in a survey conducted by the Japan Blockchain Association (JBA). The JBA is the largest blockchain association in Japan, consisting of 171 companies including bitFlyer, Coincheck, Microsoft, GMO, EY, Deloitte, PwC, KPMG, Toyota, and ConsenSys.\u00a0<\/p>\n Sota Watanabe, the founder and CEO of Astar Network, said, \u201cWe are delighted to have been recognized by the Japanese Web3 community. As Japan\u2019s leading blockchain project, we remain committed to accelerating Web3 innovation through Astar. In 2023 and beyond, we will leverage our presence in Japan to unlock opportunities for entrepreneurs, developers, and users alike.\u201d<\/i><\/p>\n Astar Network is the leading Layer-1 chain in Japan. As a parachain of Polkadot, it enables developers to build interoperable dApps. It supports both EVM and WASM smart contracts with cross-consensus messaging (XCM) and cross-virtual machine messaging (XVM).<\/p>\n As the Japanese government has made Web3 a part of its national strategy, Sota Watanabe is helping the government on the path forward. Sota has also been featured in the Forbes 30 Under 30 for both Asia and Japan. He has also been picked as one of the top entrepreneurs in Japan, and graces the cover of the latest edition of the Forbes Japan magazine.<\/p>\n\n Astar Network is the go-to blockchain for developers and enterprises interested in exploring the Japanese Web3 space. It\u2019s also the first public blockchain from the country to be listed there despite Japan\u2019s strict listing regulations. Astar\u2019s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.<\/p>\n Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM) and cross-virtual machine (XVM). We are made by developers and for developers. Astar\u2019s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.\u00a0<\/p>\n Astar\u2019s vibrant ecosystem has become Polkadot\u2019s leading Parachain globally, supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps.<\/p>\n \u00a0For more information, visit: Website<\/u><\/a> | Twitter<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | GitHub<\/u><\/a> | Reddit<\/u><\/a><\/p>About Astar Network<\/h3>\n
Contact<\/h5>Maarten Henskens<\/strong>
<\/span>press@astar.network<\/strong>
<\/span>\n","post_title":"Astar Network Named \u2018Product of the Year\u2019 At the JBA Annual Blockchain Award","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"astar-network-named-product-of-the-year-at-the-jba-annual-blockchain-award","to_ping":"","pinged":"","post_modified":"2022-12-24 00:36:25","post_modified_gmt":"2022-12-23 13:36:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9008","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9003,"post_author":"2","post_date":"2022-12-24 00:00:37","post_date_gmt":"2022-12-23 13:00:37","post_content":"\n
\n
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\n<\/b><\/p>\n
\n
\n
\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0###<\/p>
\n
\nContact<\/h5>Dan Horowitz<\/strong>
<\/span>PR@marketacross.com<\/strong>
<\/span>\n","post_title":"AAG Taps Coinbase Pay As A Fiat On-ramping Solution For The MetaOne Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"aag-taps-coinbase-pay-as-a-fiat-on-ramping-solution-for-the-metaone-wallet","to_ping":"","pinged":"","post_modified":"2022-12-24 00:00:37","post_modified_gmt":"2022-12-23 13:00:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8929,"post_author":"2","post_date":"2022-12-21 03:33:34","post_date_gmt":"2022-12-20 16:33:34","post_content":"\nMy Neighbor Alice is a blockchain-based social game that has been popular among its users since its initial release and has now launched version 2 to mainstream audiences.<\/i><\/h4>\n
\n
\n<\/li>\n<\/ul>\n\n
\n
\n\u00a0<\/p>Contact<\/h5>Fati Hakim<\/strong>
<\/span>pr@myneighboralice.com<\/strong>
<\/span>\n","post_title":"My Neighbor Alice Successfully Released Its Game Version 2.0 To Mainstream Audience","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"my-neighbor-alice-successfully-released-its-game-version-2-0-to-mainstream-audience","to_ping":"","pinged":"","post_modified":"2022-12-21 03:33:34","post_modified_gmt":"2022-12-20 16:33:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8929","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8799,"post_author":"2","post_date":"2022-12-13 23:50:06","post_date_gmt":"2022-12-13 12:50:06","post_content":"\nContact<\/h5>Platypus Marketing Team<\/strong>
<\/span>marketing@platypus.finance<\/strong>
<\/span>\n","post_title":"Platypus Launches Native Stablecoin USP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"platypus-launches-native-stablecoin-usp","to_ping":"","pinged":"","post_modified":"2022-12-13 23:50:06","post_modified_gmt":"2022-12-13 12:50:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8799","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8795,"post_author":"2","post_date":"2022-12-13 21:04:21","post_date_gmt":"2022-12-13 10:04:21","post_content":"\n\u201cBinaryX is committed to accelerating the adoption of Web3 technologies in gaming. The fund is not limited to supporting blockchain games already in the space, but also traditional developer teams who want to experiment with blockchain in their games or NFTs. We believe in the overall growth and adoption of blockchain within the gaming ecosystem, and we will strive to support any project that is promising to that effect.\u201d<\/blockquote>\n
Contact<\/h5>Communications Lead<\/strong>
<\/span>Sam K.<\/strong>
<\/span>BinaryX<\/strong>
<\/span>marketing@binaryx.pro<\/strong>
<\/span>\n","post_title":"BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"binaryx-introduces-cyber-incubation-fund-to-support-blockchain-games","to_ping":"","pinged":"","post_modified":"2022-12-13 21:04:21","post_modified_gmt":"2022-12-13 10:04:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8795","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
About Astar Network<\/h3>\n
Contact<\/h5>Maarten Henskens<\/strong>
<\/span>press@astar.network<\/strong>
<\/span>\n","post_title":"Astar Network Named \u2018Product of the Year\u2019 At the JBA Annual Blockchain Award","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"astar-network-named-product-of-the-year-at-the-jba-annual-blockchain-award","to_ping":"","pinged":"","post_modified":"2022-12-24 00:36:25","post_modified_gmt":"2022-12-23 13:36:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9008","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9003,"post_author":"2","post_date":"2022-12-24 00:00:37","post_date_gmt":"2022-12-23 13:00:37","post_content":"\n
\n
\n
\n
\n<\/b><\/p>\n
\n
\n
\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0###<\/p>
\n
\nContact<\/h5>Dan Horowitz<\/strong>
<\/span>PR@marketacross.com<\/strong>
<\/span>\n","post_title":"AAG Taps Coinbase Pay As A Fiat On-ramping Solution For The MetaOne Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"aag-taps-coinbase-pay-as-a-fiat-on-ramping-solution-for-the-metaone-wallet","to_ping":"","pinged":"","post_modified":"2022-12-24 00:00:37","post_modified_gmt":"2022-12-23 13:00:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9003","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8929,"post_author":"2","post_date":"2022-12-21 03:33:34","post_date_gmt":"2022-12-20 16:33:34","post_content":"\nMy Neighbor Alice is a blockchain-based social game that has been popular among its users since its initial release and has now launched version 2 to mainstream audiences.<\/i><\/h4>\n
\n
\n<\/li>\n<\/ul>\n\n
\n
\n\u00a0<\/p>Contact<\/h5>Fati Hakim<\/strong>
<\/span>pr@myneighboralice.com<\/strong>
<\/span>\n","post_title":"My Neighbor Alice Successfully Released Its Game Version 2.0 To Mainstream Audience","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"my-neighbor-alice-successfully-released-its-game-version-2-0-to-mainstream-audience","to_ping":"","pinged":"","post_modified":"2022-12-21 03:33:34","post_modified_gmt":"2022-12-20 16:33:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8929","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8799,"post_author":"2","post_date":"2022-12-13 23:50:06","post_date_gmt":"2022-12-13 12:50:06","post_content":"\nContact<\/h5>Platypus Marketing Team<\/strong>
<\/span>marketing@platypus.finance<\/strong>
<\/span>\n","post_title":"Platypus Launches Native Stablecoin USP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"platypus-launches-native-stablecoin-usp","to_ping":"","pinged":"","post_modified":"2022-12-13 23:50:06","post_modified_gmt":"2022-12-13 12:50:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8799","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8795,"post_author":"2","post_date":"2022-12-13 21:04:21","post_date_gmt":"2022-12-13 10:04:21","post_content":"\n\u201cBinaryX is committed to accelerating the adoption of Web3 technologies in gaming. The fund is not limited to supporting blockchain games already in the space, but also traditional developer teams who want to experiment with blockchain in their games or NFTs. We believe in the overall growth and adoption of blockchain within the gaming ecosystem, and we will strive to support any project that is promising to that effect.\u201d<\/blockquote>\n
Contact<\/h5>Communications Lead<\/strong>
<\/span>Sam K.<\/strong>
<\/span>BinaryX<\/strong>
<\/span>marketing@binaryx.pro<\/strong>
<\/span>\n","post_title":"BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"binaryx-introduces-cyber-incubation-fund-to-support-blockchain-games","to_ping":"","pinged":"","post_modified":"2022-12-13 21:04:21","post_modified_gmt":"2022-12-13 10:04:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8795","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\n
\n
About Astar Network<\/h3>\n
Contact<\/h5>Maarten Henskens<\/strong>
<\/span>press@astar.network<\/strong>